Brokerages Set Shell plc (NYSE:SHEL) PT at $79.67

Shares of Shell plc (NYSE:SHELGet Free Report) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $79.67.

SHEL has been the topic of a number of analyst reports. TD Securities lifted their target price on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company upped their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd.

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Shell Stock Down 0.3 %

SHEL stock opened at $71.40 on Friday. The business’s 50-day moving average price is $70.66 and its 200-day moving average price is $66.54. The stock has a market cap of $228.15 billion, a P/E ratio of 13.17, a PEG ratio of 1.86 and a beta of 0.59. Shell has a twelve month low of $55.78 and a twelve month high of $74.61. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is 50.74%.

Hedge Funds Weigh In On Shell

Several hedge funds have recently bought and sold shares of SHEL. FMR LLC raised its position in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Shell by 162.9% during the third quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after buying an additional 1,092,670 shares during the period. Mondrian Investment Partners LTD raised its position in Shell by 83.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after buying an additional 993,342 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Shell by 19.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after acquiring an additional 885,069 shares during the period. Finally, Wellington Management Group LLP lifted its position in Shell by 10.7% during the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after purchasing an additional 848,104 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Company Profile

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Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

Further Reading

Analyst Recommendations for Shell (NYSE:SHEL)

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